Morgan Stanley analysts Kimberley Greenberger, Pam Kaufman, and John Glass saw initial signs of low-income and increasingly middle-income consumer pressure in the first half of FY22.
Now, Morgan Stanley economists have also flagged rising recession risk.
On Wednesday, shares of Colgate-Palmolive Company (NYSE: CL) experienced volatile short activity. After the activity, the stock price went up +0.15% to $78.43.
The overall sentiment for CL has been Bearish.
Colgate-Palmolive's (NYSE:CL) short percent of float has fallen 5.03% since its last report. The company recently reported that it has 14.22 million shares sold short, which is 1.7% of all regular shares that are available for trading.
If history is any guide, there may be good fortune ahead for shares of Colgate-Palmolive (NYSE:CL). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Barclays has decided to maintain its Equal-Weight rating of Colgate-Palmolive (NYSE:CL) and lower its price target from $81.00 to $77.00.
Shares of Colgate-Palmolive are trading down 0.3% over the last 24 hours, at $74.95 per share.